Disney’s Shareholders’ Proxy Proposals Fail At Annual Meeting
April 3, 2023—Shareholders weighed in on several political issues at The Walt Disney Company's annual meeting. They included votes about its charitable contributions, its political contributions, and its business in China.
Voting is tallied based on the number of shares, and the shares weighed heavily in favor of the company's recommendations. Furthermore, it should be noted that 64 percent of Disney's 1.16 billion shares are held by institutional investors.
Shareholder Proxy Votes
On one proxy vote, the National Legal and Policy Center, NLPC, a Disney shareholder and a public-interest nonprofit group, asked Disney to publish an annual report on the company's dealings in and with China. That vote went down 7.1 shares supporting the proxy measure, 88.9 opposing it, and 4 percent a...